Austin BPI$9.57▼ -5.6%│Austin Low$5.25│Austin High$14.50│Boston BPI$16.12▼ -3.0%│Boston Low$5.99│Boston High$26.00│Chicago BPI$15.05▲ +12.3%│Chicago Low$5.89│Chicago High$27.00│Los Angeles BPI$15.58▲ +9.8%│Los Angeles Low$5.15│Los Angeles High$28.00│Nashville BPI$12.11▼ -2.2%│Nashville Low$5.49│Nashville High$19.00│New Orleans BPI$12.58▼ -11.3%│New Orleans Low$5.89│New Orleans High$21.00│New York BPI$20.89▼ -0.5%│New York Low$5.99│New York High$38.00│Portland BPI$11.62▼ -0.3%│Portland Low$5.50│Portland High$18.00│San Francisco BPI$16.50▼ -3.2%│San Francisco Low$5.45│San Francisco High$28.00│Seattle BPI$15.16▲ +6.6%│Seattle Low$5.70│Seattle High$26.00│Austin BPI$9.57▼ -5.6%│Austin Low$5.25│Austin High$14.50│Boston BPI$16.12▼ -3.0%│Boston Low$5.99│Boston High$26.00│Chicago BPI$15.05▲ +12.3%│Chicago Low$5.89│Chicago High$27.00│Los Angeles BPI$15.58▲ +9.8%│Los Angeles Low$5.15│Los Angeles High$28.00│Nashville BPI$12.11▼ -2.2%│Nashville Low$5.49│Nashville High$19.00│New Orleans BPI$12.58▼ -11.3%│New Orleans Low$5.89│New Orleans High$21.00│New York BPI$20.89▼ -0.5%│New York Low$5.99│New York High$38.00│Portland BPI$11.62▼ -0.3%│Portland Low$5.50│Portland High$18.00│San Francisco BPI$16.50▼ -3.2%│San Francisco Low$5.45│San Francisco High$28.00│Seattle BPI$15.16▲ +6.6%│Seattle Low$5.70│Seattle High$26.00│Austin BPI$9.57▼ -5.6%│Austin Low$5.25│Austin High$14.50│Boston BPI$16.12▼ -3.0%│Boston Low$5.99│Boston High$26.00│Chicago BPI$15.05▲ +12.3%│Chicago Low$5.89│Chicago High$27.00│Los Angeles BPI$15.58▲ +9.8%│Los Angeles Low$5.15│Los Angeles High$28.00│Nashville BPI$12.11▼ -2.2%│Nashville Low$5.49│Nashville High$19.00│New Orleans BPI$12.58▼ -11.3%│New Orleans Low$5.89│New Orleans High$21.00│New York BPI$20.89▼ -0.5%│New York Low$5.99│New York High$38.00│Portland BPI$11.62▼ -0.3%│Portland Low$5.50│Portland High$18.00│San Francisco BPI$16.50▼ -3.2%│San Francisco Low$5.45│San Francisco High$28.00│Seattle BPI$15.16▲ +6.6%│Seattle Low$5.70│Seattle High$26.00│
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BURGER PRICE INDEX

Est. 2026 · 10 US Cities · Week of Oct 12

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National Burger Price Index

$14.52▲ 0.3%

Avg across 10 cities · Oct 12, 2026

42-Week Trend

Share the national print

National BPI: $14.52 (+0.3% WoW) — week of Oct 12, 2026. Austin is the value trade; New York prints the premium. Avg across 10 cities. Bloomberg Terminal energy, Wendy's drive-thru prices — https://burgerprice.com/

What this means

BPI is a weekly weighted average of fast-food, casual, and premium burger prices across 10 cities. The national number $14.52 is this week's print on the tape. WoW ▲ 0.3% — burgers got pricier on the week. Austin is the value print; New York is the premium.

Next: pick a city·near me·this week's showdown — the drive-thru doesn't care about your feelings.

Weekly Showdown · Week of Oct 12, 2026

Chicago vs Portland

Chicago leads by $3.43. Portland is the value trade this week.

Higher BPI

Chicago

IL
Oct 12, 202613 restaurants
$15.05
▲+12.3%
Price Range
Cheapest
$5.89
Priciest
$27.00
🏆Burger of the Week

RHR Double Cheeseburger (w/ Fresh Cut Fries)

Redhot Ranch

$7.82

“Offering an unbeatable return on investment, the RHR Double delivers a masterclass in classic smash-burger fundamentals with crispy, lacy edges, gooey processed cheese, and perfectly tangy special sauce. At sub-eight dollars including fresh-cut fries, it yields the highest flavor-to-dollar alpha in Chicago's inflated culinary market. It fundamentally outcompetes both fast-food commodities and overpriced twenty-dollar luxury patties on pure value and execution.”

VS

Portland

OR
Oct 12, 202613 restaurants
$11.62
▼-0.3%
Price Range
Cheapest
$5.50
Priciest
$18.00
🏆Burger of the Week

The Peanut-Butter Pickle Bacon Burger

Killer Burger

$13.95

“An audacious asset in Portland's culinary portfolio, this burger yields extraordinary flavor dividends through the high-risk, high-reward synergy of creamy peanut butter, smoky bacon, and briny pickles. The decadent melt coats the savory beef patty for an unctuous mouthfeel, outperforming standard market competitors with an aggressive, flavor-forward growth profile.”

Share this showdown

Chicago ($15.05) vs Portland ($11.62) — week of Oct 12, 2026. Chicago leads by $3.43. Track it: https://burgerprice.com/?showdown=chicago-il%2Cportland-or

Showdown FAQ

What is this week's city showdown?+

Head-to-head BPI for the week of 2026-10-12: Chicago, IL at $15.05 vs Portland, OR at $11.62. Chicago leads by $3.43. Portland is the value trade this week.

How do I read the showdown?+

Higher BPI means a pricier burger tape that week — not a moral victory. The winner badge marks the higher print; the gap is just dollars between the two. Same weighting as every city page: Fast Food 20%, Casual/Diner 40%, Premium/Gourmet 40%. Not financial advice — just the tape.

How do these cities compare to the national print?+

National average sits at $14.52 across 10 tracked cities. Chicago 3.7% above national; Portland 20.0% below national.

How are the matchup cities chosen?+

Deterministic weekly rotation — same week_of always picks the same pair from the tracked city list. Share URLs can pin an explicit pair (?showdown=slug-a,slug-b) without changing the live rotation.

Where can I compare more cities?+

Browse the full card grid on /cities, dig into either matchup city above, or hit /rankings for the weekly leaderboard. This week the national floor is Austin; the ceiling is New York. Methodology and weighting live on /about.

Dig into Chicago or Portland, browse All Cities, or see methodology on About.

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Biggest Movers

Week-over-week BPI swings

Full rankings →
🏆

National BPI Rankings

10 cities tracked · Updated weekly

Full rankings →
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BPI Candlestick

42-week OHLC · body = BPI movement · wicks = price spread

📰

Market Report

Week of October 12, 2026

Breaking

BPI Divergence: Midwest Rallies as Sunbelt Patty Markets Face Heavy Sell-Off

The National Burger Price Index (BPI) consolidated at $14.52 this week, masking aggressive regional volatility and sector rotation. Midwestern and West Coast equities surged, led by a blistering +12.3% breakout in Chicago ($15.05) and sharp gains in Los Angeles ($15.58) and Seattle ($15.16), driven by elevated prime-cut input costs and institutional brioche hoarding. Conversely, defensive profit-taking hammered the Gulf and Sunbelt corridors; New Orleans plummeted -11.3% to $12.58, while Austin tumbled -5.6% to claim the week’s value floor at an ultra-accommodative $9.57.

Tier-1 metropolitan benchmarks displayed late-cycle maturity. New York maintained its uncontested position as the nation's most capital-intensive patty market at $20.89 despite a mild -0.5% contraction, signaling durable institutional support for dry-aged assets. Meanwhile, Pacific assets corrected downward, with San Francisco retreating -3.2% to $16.50 alongside modest cooling in Boston ($16.12) and Nashville ($12.11). Analysts maintain an overweight rating on mid-tier smashburgers while advising strict risk management against frothy coastal truffle aioli premiums.

Key Market Drivers

▲Upstream Chuck & Trimming Futures

Rising feedyard input costs and tight cattle inventories continue to pressure margins, forcing Chicago and Los Angeles operators to pass griddle-level inflation directly to consumers.

▼Post-Festival Creole Liquidity Drain

Seasonal demand exhaustion following peak regional festivities triggered aggressive discounting in New Orleans, forcing widespread supply liquidation across quick-service menus.

●Macro Condiment Spread Elasticity

While artisanal pickle spreads and heirloom tomato derivatives saw margin contraction, sustained baseline cheddar pricing kept the national benchmark anchored near $14.52.

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Industry Wire

Stories impacting burger prices this week

Supply Chain|Bullish for prices|USDA Weekly Livestock Review

Cattle Herd Contraction Tightens Ground Beef Supply Ahead of Q4

Drought conditions across the Southern Plains have accelerated cattle herd liquidation, pushing USDA choice beef cutout values up 4.2% week-over-week. Major packers Tyson Foods and JBS signal margin compression as slaughter rates hit three-year lows. Quick-service operators face immediate wholesale cost pressures heading into the winter quarter.

Regulation|Bullish for prices|National Restaurant Association

Municipal Wage Floor Adjustments Squeeze Coastal Quick-Service Margins

Sweeping municipal wage adjustments taking effect in key metro areas are driving up operating costs for franchised burger concepts, particularly in New York and coastal California. Operators report labor costs now exceed 34% of revenue, prompting automated ordering rollouts and menu repricing. Compliance deadlines slated for November are expected to accelerate regional price hikes.

Market|Neutral for prices|Bloomberg Intelligence

Fast-Casual Burger Giants Cut CapEx Amid Cooling Unit Economics

Shake Shack and Smashburger posted mixed Q3 earnings, with corporate leadership signaling a slowdown in corporate-owned store expansions. Executives cited elevated urban real estate costs and selective consumer traffic, shifting capital expenditures toward suburban drive-thrus and licensing deals. Despite softer same-store sales growth, average check sizes remained elevated.

Consumer|Bearish for prices|Circana Foodservice Monitor

Value Meal Fatigue Drives Consumers Toward Split Dining Habits

Consumer tracking data indicates fast-food diners are trading down from mid-tier combo meals to aggressive dollar-menu promotions while simultaneously splurging on premium weekend smashburgers. This bifurcation in spending has pressured mid-tier chains into defensive discount wars to protect weekday foot traffic. Total transaction counts slipped 1.8% nationwide in September.

Wild Card|Bullish for prices|Reuters Commodities Desk

Bespoke Tallow Futures Spike as Fast-Food 'Retro Frying' Trend Grows

Commodity-grade beef tallow prices surged to record highs following a wave of boutique burger chains and independent operators switching away from seed oils. The surge has caught institutional fryers flat-footed, creating localized wholesale shortages of rendered beef fat. Commodity traders note unseasonable demand from hospitality procurement desks looking to capitalize on nostalgic branding.

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The Spread

Top 3 cheapest vs. most expensive burgers this week

Best Value
1

In-N-Out Burger

Los Angeles, CA

$5.15
2

P. Terry's Burger Stand

Austin, TX

$5.25
3

In-N-Out Burger

San Francisco, CA

$5.45
Premium Cut
1

Minetta Tavern

New York, NY

$38.00
2

Petit Trois

Los Angeles, CA

$28.00
3

Spruce

San Francisco, CA

$28.00
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Burger Purchasing Power

How many burgers can minimum wage buy per hour?

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